Nissan shares tanked almost 6 per cent on Tuesday’s open as investors punished a night of confusion and unanswered questions over the Japan’s second-largest carmaker and the arrest of its chairman, Carlos Ghosn.

The decision by L Brands to halve its annual dividend in 2019 caught the market off guard on Monday, outweighing upgraded annual guidance and news it had appointed a new chief executive to run its troubled lingerie brand Victoria’s Secret.

India’s central bank has given ground to government pressure and agreed to reassess its management of reserves and treatment of troubled banks, as Prime Minister Narendra Modi seeks to reinvigorate the economy ahead of a general election.

The English Football League, the body that runs the professional divisions below the Premier League, has signed a £595m UK broadcasting contract with Sky, despite criticism from some clubs that the deal undervalues the television rights to their matches.

A discount retailer best known for its low-cost furniture and close-out sales emerged as an unlikely winner on Monday, bucking a wider market sell-off, as investors bet that richer tax refunds will turbocharge sales next year.

Bitcoin and other cryptocurrencies slumped again on Monday as sentiment continued to sour over the outlook for the industry following a split in one of the main tokens and amid a step up in regulatory scrutiny.

Jeremy Corbyn told the CBI conference in east London on Monday that the Labour party rejected the proposed Brexit withdrawal agreement as a “botched, worst-of-all-worlds deal” and said a Labour government would pursue a Brexit which left the UK in a “new, comprehensive and permanent” customs union with the EU.

Walt Disney’s $71bn purchase of Rupert Murdoch’s entertainment assets has been approved by regulators in China, removing one of the remaining hurdles to a deal which will redraw the global media landscape.

The Pension Protection Fund said it had “concerns” over a rescue deal for Johnston Press that would enable the ailing newspaper publisher to hive off its pensions liabilities to the industry lifeboat fund.

India’s central bank has given ground to government pressure and agreed to reassess its management of reserves and treatment of troubled banks, as prime minister Narendra Modi seeks to reinvigorate the economy ahead of a general election.

Debbie Crosbie joins from Clydesdale Bank, where she is chief operating officer

TSB has appointed former Clydesdale Bank executive Debbie Crosbie as its new chief, as it looks for a fresh start after a disastrous IT move this year led to months of turmoil and wiped out all its expected annual profits.

Arron Banks, the main funder of the pro-Brexit Leave.EU campaign, raised the possibility of seeking donations in the US in an email copied to Steve Bannon, who would later be central to Donald Trump’s successful presidential campaign, evidence released by a parliamentary committee shows.

Britain’s currency will rally vigorously next year against the euro and the US dollar, Goldman Sachs has forecast, as the investment bank shrugs off the latest bout of uncertainty over Brexit negotiations.

Brussels’ chief Brexit negotiator has insisted that a future trade deal with the UK will allow Britain to “take back control” of its laws, boosting efforts to rally support for the withdrawal treaty by the British prime minister on Monday.

The Philippines has confirmed it will allow a consortium headed by China Telecom to become the country’s third telecommunications provider, announcing the decision on the eve of a two-day visit by President Xi Jinping to the country.

Saudi Arabia’s King Salman praised the economic reform programme led by the crown prince on Monday as he made his first public remarks since the death of prominent journalist Jamal Khashoggi last month.